Vulcan Elements' $1.4B Partnership Announcement
Slice of Energy Team
11/05/2025
Key highlights
- $1.4 billion partnership with U.S. Government
- 10,000 metric tonne magnet facility to be built
- Focus on recycling end-of-life magnets
- $620 million Direct Loan from Department of War
- Strengthening U.S. supply chain for rare earth magnets
Source: PR Newswire
Notable Quotes
“ As a former Navy officer, I am honored by the trust that the American government and American people have placed in Vulcan Elements. ”
John Maslin, CEO at Vulcan Elements
“ ReElement Technologies and Vulcan Elements are natural partners. Our capabilities are innovative and proven. ”
Mark Jensen, CEO at ReElement Technologies
Why this matters
This partnership marks a significant step towards establishing a robust domestic supply chain for rare earth magnets, crucial for national security and economic growth. This development is particularly significant for the energy sector.
